Bender Robert & Associates Sells 340 Shares of Chubb Limited (NYSE:CB)

Bender Robert & Associates cut its holdings in Chubb Limited (NYSE:CB) by 1.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 33,578 shares of the financial services provider’s stock after selling 340 shares during the quarter. Chubb comprises 2.6% of Bender Robert & Associates’ holdings, making the stock its 12th biggest position. Bender Robert & Associates’ holdings in Chubb were worth $10,140,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CB. Peoples Bank KS bought a new position in shares of Chubb during the first quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new position in Chubb during the 1st quarter worth approximately $25,000. Sierra Ocean LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 89 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 9,794 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer now directly owns 247,538 shares in the company, valued at $72,526,158.62. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,108 shares of company stock worth $31,169,977. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

CB opened at $283.87 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The business has a 50 day moving average of $287.94 and a 200-day moving average of $281.66. The stock has a market cap of $113.76 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 3.19 and a beta of 0.54.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its board has approved a share repurchase program on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a $0.97 dividend. The ex-dividend date is Friday, June 13th. This is a positive change from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.37%. Chubb’s dividend payout ratio is presently 18.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Piper Sandler lifted their target price on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Barclays dropped their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.53.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.